MIRA
INFORM REPORT
|
Report Date : |
23.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
PHILIPS NEW ZEALAND LIMITED |
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Registered Office : |
1 Nugent Grafton Auckland 1023 |
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Country : |
New Zealand |
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Date of Incorporation : |
12.05.1927 |
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Com. Reg. No.: |
1723 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Distribution of consumer products, Information Technology (IT) products, healthcare and lighting that includes televisions, home entertainment, kitchen appliances, personal care, phones, personal computers, household products and lighting. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 285,000 |
|
Status : |
Good |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
New Zealand |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
IDENTIFICATION DETAILS
Verified Address
Subject name : PHILIPS NEW ZEALAND LIMITED
Business
address : 1 Nugent Street Town : Grafton Province : Auckland Zip/postal code : 1023
Country : New Zealand
Tel : +64 9 3554700
Fax : +64 9 3554706
Website : www.philips.co.nz
Registered
address : 1 Nugent Street Town :
Grafton Province : Auckland Zip/postal code : 1023
Country : New Zealand
Postal address :
P.O. Box 1041, Shortland Street
Town : Auckland
Zip/postal code :
1140
Country : New Zealand
Comments : The provided address 8 Antares Place,
Mairangi Bay, Auckland 0632, New Zealand is an old address of the Subject. The
Subject moved to the verified address since 26 February 2010.
SUMMARY DETAILS
Executive Summary
Date founded or registered : 12/05/1927
Legal
form : Private Limited Company Chief executive : Paul Alexander Couper Issued & paid
up capital : NZD
10,000,000
Sales
turnover : NZD 83,117,000 (Non-consolidated 12
months, 31/12/2010) Net income : NZD 1,300,000 (Non-consolidated 12
months, 31/12/2010) Total fixed assets : NZD 41,825,000 (Non-consolidated 12
months, 31/12/2010)
Line of business : Distribution of consumer products,
Information Technology (IT) products,
healthcare and lighting products.
Staff employed : 120 (Subject) 117,246 (Phillips Group)
CREDIT RISK OPINION
Credit Risk Interpretation
Credit risk rating :
SATISFACTORY
Credit risk theory : Reasonable financial and operational
base. Small credits may be considered with some confidence that commitments
will be sustained under normal circumstances. This is based on criterions such
as years of establishment, number of employees, sales turnover, profit after
tax, total assets, reserve, and others. A cautious credit control policy
applies.
Company Analysis
Country risk : Country risk is minimal
Operation trend : Operational trend is declining
Management experience : Management is adequately experienced
Financial performance : Financial performance is good
Organisation structure : Organisational structure is stable
Detrimental : No detrimental records found
Payment history : No payment delays noted
Credit amount suggestion : USD 285,000
Credit amount asked : USD 100,000
Comments : Larger credit can still be considered. The Subject is well positioned in the market and the financial stability of the group is positive.
STATUTORY DETAILS
Registry Data
Registration date :
12/05/1927
Legal form : Private Limited Company
Registration no 1723
Registered authority : New
Zealand Companies Office
Fiscal/ Tax no :
10-568-986
Registry status : Live/Active Previous name : None reported. Change of legal form : None reported.
MANAGEMENT / DIRECTORS
Key Management
Name : Paul Alexander Couper Designation : Managing Director Name : David Procter
Designation : Marketing Manager - Philips Lighting
Name : Nick Perry
Designation : Marketing Manager - Philips Consumer
Lifestyle
BOARD OF DIRECTORS/ OTHER APPOINTMENTS
Appointments
Name : Paul Alexander Couper Designation : Managing Director Appointment date : 30/10/08
Address : 182 Clifton Road, Rd 1
Howick, 2571 Auckland
New Zealand
Name : Michael John Downie
Designation : Director
Appointment date : 18/12/09
Address : 21 Oberon Street
Blakehurst, NSW 2221
Australia
Biography : General Manager at Philips Australia.
Name : Harrie Van Dyk Designation : Director Appointment date : 03/05/02
Address : "Lyndara" 677 Sackville Road
Ebenezer, NSW 2756
Australia
Biography : He was appointed CEO and Vice President of
Philips Electronics Australia Ltd in November 2001 and has continued his role
as General Manager of Philips Consumer Electronics Australia which he has held
since May 1997. In June 2006 he transferred from the Consumer Electronics
business in Australia to take on the role of Managing Director of Philips
Medical Systems Australasia.
Early in his career, he spent 15 years with Johnson and Johnson
Australia in various management roles. Prior to joining Philips in
1997, he also held various
positions in senior management in Australia including: CEO of Neverfail
Springwater and Managing Director of Pitman Moore and Coopers Animal Health in
Australia and
New Zealand.
Mr. Harrie is an Associate
Fellow of the Australian Marketing Institute (AMI) and a member of the
International CEO Forum group. He is also a director of Outcomes Australia Pty
Ltd, an organization that seeks to find best in class solutions for key issues
in the Australian community.
During his varied career he
has held several industry body positions including Chairman of AVCARE Animal
Healthcare Committee and a Board Membership of Applie-com (an electronics
industry supplier and retailer organisation).
Staff employed : 120 (Subject)
117,246 (Phillips Group)
Key Advisors
Auditors : KPMG
10 Shelley Street
Sydney NSW 2000
Australia
Solicitors : Buddle Findlay New Zealand
PricewaterhouseCoopers Tower
188 Quay Street
Auckland 1010
New Zealand
SHARE CAPITAL
Composition
Authorized Capital :
NZD 10,000,000
No of shares : 5,000,000 Ordinary Shares
Share par value :
NZD 2
Issued capital : NZD 10,000,000
Paid up capital : NZD 10,000,000
OWNERSHIP / SHAREHOLDERS
How listed : Full List
Composition
Shareholder name : NATIONAL TRUST
COMPANY Address : 320 Bay Street
Toronto, ON M5H 4A6
Canada
No. of shares : 5,000,000 Ordinary Shares
% of shares : 100%
RELATED COMPANIES &
CORPORATE AFFILIATIONS
Structure
Name : KONINKLIJKE PHILIPS ELECTRONICS N.V.
Affiliation type : Ultimate Holding Company
Address : Breitner Center, Amstelplein 2
1096 BC Amsterdm
Netherlands
Comments : Koninklijke Philips Electronics N.V. which started as a limited partnership with the name Philips & Co in Eindhoven, the Netherlands, in 1891 by Anton and Gerard Philips to manufacture incandescent lamps and other electrical products, is the parent company of the Philips Group.
The Company was converted into the company with limited liability N.V. Philips’ Gloeilampenfabrieken on September 11, 1912. Its shares are listed on the stock markets of Euronext Amsterdam and the New York Stock Exchange.
Name : NATIONAL TRUST COMPANY
Affiliation type : Parent Company
Address : 320 Bay Street
Toronto, ON M5H 4A6
Canada
Comments : The company is a wholly owned subsidiaries of Koninklijke Philips Electronics
N.V.
Name : SAECO AUSTRALIA & NZ LTD.
Affiliation type : Associate
Address : New Zealand
Name : PHILIPS ELECTRONICS AUSTRALIA LIMITED
Affiliation type : Associate
Address : Australia
Name : RESPIRONICS AUSTRALIA PTY. LTD.
Affiliation type : Associate
Address : Australia
Name : RESPIRONICS AUSTRALIA HOLDINGS PTY. LTD.
Affiliation type : Associate
Address : Australia
Name : DYNALITE INTELLIGENT LIGHT PTY. LIMITED
Affiliation type : Associate
Address : Australia
Name : WMGD PTY. LIMITED
Affiliation type : Associate
Address : Australia
Name : SAECO AUSTRALIA PTY LTD.
Affiliation type : Associate
Address : Australia
Name : SAECO INTERNATIONAL GROUP (AUSTRALIA) PTY. LTD.
Affiliation type : Associate
Address : Australia
Related companies and
corporate affiliations comments
: Other companies of the Philips Group
should be considered affiliates of the Subject. We are unable to list all the
associated companies within the group therefore we have enclosed an attachment
to this report.
Philips Group has 118
production sites in 27 countries, sales and service outlets in approximately
100 countries.
BANK & MORTGAGES
Bank Details
Name
of bank : ASB Bank Limited Address : New Zealand Account details : Current Account
Name
of bank : Citibank N.A. Address : New Zealand Account details : Current Account
Comments : It is generally not the policy of local
banks to provide credit status information to non related parties, however
interested parties would be advised to consult first with the Subject if
banker's references are required.
Mortgages : None reported.
Legal Fillings
Bankruptcy fillings : None reported. Court judgements : None reported. Tax liens : None reported. Others : None reported.
FINANCIAL DATA
Description
Source of financial statement :
Commercial Registry Filings
Financial statement date : 31/12/10
Type of accounts :
Full audited
Currency : New Zealand, Dollar (NZD) Exchange rate : 1 USD = NZD 1.17 as of 21-07-2011
Summarized Financial
Information
Consolidation type :
Non Consolidated Non
Consolidated Group
Consolidated
Currency : New Zealand, Dollar New Zealand, Dollar Euro (EUR)
(NZD) (NZD)
Denomination : (x1) One (x1)
One (x1) One
Date of financial year end : 31/12/10 31/12/09 31/12/10
Length of accounts : 12 months 12
months 12 months
Sale turnover / Income : 83,117,000 78,384,000 25,419,000,000
Gross profit : 31,720,000 26,862,000 9,546,000,000
|
Operating profit : |
· 2,535,000 |
2,135,000 |
2,065,000,000 |
|
Profit before
tax : |
· 2,206,000 |
1,861,000 |
1,943,000,000 |
|
Net income : |
· 1,300,000 |
1,019,000 |
1,452,000,000 |
|
Non current
assets : |
· 14,768,000 |
14,777,000 |
17,672,000,000 |
|
Current assets : |
· 27,057,000 |
24,972,000 |
14,597,000,000 |
|
Inventories : |
· 12,331,000 |
9,945,000 |
3,865,000,000 |
|
Total assets : |
· 41,825,000 |
39,749,000 |
32,269,000,000 |
|
Current
liabilities : |
· 28,759,000 |
26,520,000 |
10,758,000,000 |
|
Non current
liabilities : |
· 1,231,000 |
1,184,000 |
6,419,000,000 |
|
Total
liabilities : |
· 29,990,000 |
27,704,000 |
17,177,000,000 |
|
Share equity : |
· 11,835,000 |
12,045,000 |
15,092,000,000 |
|
Retained earning : |
· 1,720,000 |
1,920,000 |
15,416,000,000 |
Comments : The non-consolidated financial
information above relates to the Subject only.
The group’s consolidated
financial information above relates to the Subject’s Ultimate Holding Company
Koninklijke Philips Electronics N.V. and all its subsidiaries which include the
Subject.
OPERATION DETAILS
Main activities : The Subject main activities is
distribution of consumer products, Information Technology (IT) products,
healthcare and lighting that includes televisions, home entertainment, kitchen
appliances, personal care, phones, personal computers, household products and
lighting.
The Subject is part of
Koninklijke Philips Electronics N.V. (Royal Philips Electronics) which is the
parent company of the Philips Group (Philips). Philips’ activities in the field
of health and well-being are organized on a sector basis, which includes
Healthcare, Consumer Lifestyle and Lighting. The Group Management &
Services sector provides the operating sectors with support through shared
service centers. As of December 31, 2010
Philips had 118 production
sites in 27 countries, sales and service outlets in approximately 100
countries. In September 2010, it acquired Wheb Sistemas, a Brazil-based
supplier of medical information systems. In November 2010, TPV Technology Ltd.
acquired Philips TV China, the color television sales and distribution business
of the Company. In December
2010, the Company sold
certain interest in Assembleon to H2 Equity Partners. In January 2011, it
bought Optimum Lighting. In June 2011, it acquired AllParts Medical.
Product & services :
Healthcare products and solutions
include imaging systems, such as x-ray, computed tomography, magnetic resonance
imaging, and nuclear medicine imaging equipment; clinical care systems,
including ultrasound imaging, hospital respiratory systems, cardiac care
systems, and children’s medical ventures; home healthcare solutions comprising
sleep management and respiratory care, medical alert services, remote cardiac
services, and remote patient management; healthcare informatics, patient
monitoring systems, and image management services; and consultancy, clinical
services, equipment financing, asset management, and equipment maintenance and
repair services. Its consumer lifestyle products and solutions comprise
televisions, electric shavers, female depilation appliances, haircare and male
grooming products, kitchen appliances, floor care, skin care, garment care,
water and air purifiers, beverage appliances, oral healthcare, and mother and
childcare products; home and portable audio and video entertainment products,
including MP3 and MP4 players, and docking stations; and peripherals and
accessories consisting of headphones, portable audio accessories, remote
controls, PC peripherals, digital picture frames, and audio and video
communications products. The Subject also provides lighting solutions, such as
incandescent, halogen, fluorescent, and high-intensity discharge lamps;
consumer and professional luminaires; lighting electronics and controls;
automotive lighting products; special lighting applications; and solid-state
lighting components and modules.
Brand : PHILIPS
Purchases
International : Mainly from Asia, Australia and Europe
Sales
Local : Yes
International : Pacific Islands
Property & Assets
Premises : The Subject operates from premises
located at the verified heading address consisting of administrative office and
warehouse.
Branches : None reported.
SUMMARIZED COUNTRY RISK
Gross Domestic
Products (GDP) & Economic Overview
Central bank : Reserve Bank of New Zealand
Reserve of foreign exchange & gold : US$ 18.421 billion
Gross domestic product - GDP : US$ 140,434 billion
GPP (Purchasing power parity) : 119.791 billion of International dollars
GDP per capita - current prices : US$ $32,145
GDP - composition by sector : agriculture: 4.6% industry: 23.7% services: 71.7%
Inflation : 2008: 4%
2009: 2.1%
2010: 2.5%
Unemployment rate : 2008: 4.2%
2009: 6.2%
2010: 6.2%
Public debt
(General Government gross debt as a % GDP)
: 2008: 20.4%
2009: 26.2%
2010: 31%
Government bond ratings : Standard & Poor's: AA+/Stable/A-1+ Moody's rating: Aaa
Moody's outlook: STA
Market value of publicly traded shares : US$ 67.061 billion
Largest companies in the country : Telecom of New Zealand, Transpower, Fletcher Building,Infratil
Trade & Competitiveness Overview
Total exports : US$29.53 billion
Exports commodities : dairy products, meat, wood and wood products, fish, machinery
Total imports : US$31.11 billion
Imports commodities : machinery and equipment, vehicles and aircraft, petroleum, electronics, textiles, plastics
Export - major partners : Australia 22%, US 11.5%, Japan 9.2%, China 5.3%, UK 4.6%
Import - major partners : Australia 20.7%, China 13.4%, US 9.7%, Japan 9.5%, Singapore 4.9%, Germany 4.7%
FDI Inflows : 2007: US$3,441 million
2008: US$4,993 million
2009: US$348 million
FDI Outflows : 2007: US$3,703 million
2008: US$-239 million
2009: US$-406 million
Best countries for doing business : 3 out of 183 countries
Global competitiveness ranking : 23 (ranking by country on a basis of 133, the first is the best)
Country and Population
Overview
Total population :
4.37 million
Total area : 270,467 km2
Capital : Wellington
Currency : New Zealand dollars (NZD)
Internet users as % of total population
: 84.38%
PAYMENT HISTORY
Purchase Term
International : Credit 30-60 days after B/L, L/C
Sales Term
Local : L/C, Bank transfer, 30-60 days
International : Prepayment, Telegraphic transfer, 30-60
days
Trade Reference/ Payment
Behaviour
Comments : As local and international trade
references were not supplied, the Subject's payment track record history cannot
be appropriately determined but based on our research, payments are believed to
be met without delay.
Investigation Note
Sources : Interviews and material provided by the
Subject
: Other official and local
business sources
Attachments
Attachments : List of affiliated companies
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Company |
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Country of
Incorporation |
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Advanced Technology Laboratories Argentina S.A. |
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Argentina |
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Fábrica Austral de Productos Eléctricos Sociedad Anónima |
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Argentina |
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Philips Argentina Sociedad Anónima |
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Argentina |
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SAFINA S.A. de Capitalización y Ahorro |
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Argentina |
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Saeco Argentina SA |
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Argentina |
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Philips Electronics Australia Limited |
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Australia |
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Philips Employee Share Plan Pty. Limited |
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Australia |
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Respironics Australia Pty. Ltd. |
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Australia |
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Respironics Australia Holdings Pty. Ltd. |
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Australia |
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Dynalite Intelligent Light Pty. Limited |
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Australia |
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WMGD Pty. Limited |
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Australia |
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Saeco Australia Pty Ltd. |
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Australia |
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Saeco International Group (Australia) Pty. Ltd. |
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Australia |
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Saeco South Australia Pty. Ltd. |
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Australia |
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Industriegrundstücks-Verwaltungsgesellschaft m.b.H. |
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Austria |
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Philips Austria GmbH |
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Austria |
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Hoffmeister-Leuchten Gesellschaft m.b.H. |
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Austria |
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PENAC World Sales, Inc. |
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Barbados |
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The Foreign
Private Consulting-Trading Unitary Enterprise “Philips-Belorussia” of Company
Philips’ Radio B.V. |
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Belarus |
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Philips Consumer Products |
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Belgium |
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Philips Services |
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Belgium |
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Philips Innovative Technology Solutions |
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Belgium |
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Philips Innovative Applications |
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Belgium |
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Philips Medical Systems |
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Belgium |
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Philips Belgium |
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Belgium |
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Philips Properties |
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Belgium |
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Superclub Trading |
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Belgium |
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Lighting Group PLI Holding |
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Belgium |
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Lighting Group Massive |
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Belgium |
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Modular Lighting Instruments |
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Belgium |
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Podium |
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Belgium |
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Ring Station I |
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Belgium |
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Saeco Benelux |
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Belgium |
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Philips da Amazônia Indústria Eletrônica Ltda. |
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Brazil |
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CIV Comércio e Importaçăo Vitória Ltda. |
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Brazil |
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Philips Eletrônica da Amazônia Ltda. |
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Brazil |
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Helfont Produtos Elétricos Ltda. |
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Brazil |
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Inbraphil — Indústrias Brasileiras Philips Ltda. |
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Brazil |
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Philips Medical Systems Ltda. |
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Brazil |
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Philips Business Communications — Soluçőes Empresariais Ltda. |
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Brazil |
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Philips Eletrônica do Nordeste S.A. |
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Brazil |
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Philips do Brasil Ltda. |
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Brazil |
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VMI Indústria e Comércio Ltda. |
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Brazil |
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Company |
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Country of
Incorporation |
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Respironics do Brasil Representaçăo de Produtos Médicos Ltda. |
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Brazil |
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Dixtal Biomédica Indústria e Comércio Ltda. |
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Brazil |
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Saeco Do Brasil Comercio De Equipamentos Ltda |
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Brazil |
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Tecso Informática Ltda. |
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Brazil |
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Wheb Informática Ltda. |
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Brazil |
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Discus Dental Brasil Comercio de Produtos Odontologicos LTDA. |
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Brazil |
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Philips Bulgaria EOOD |
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Bulgaria |
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Philips Appliances Ltd. |
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Canada |
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Philips Electronics Ltd |
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Canada |
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Philips Electronic Equipment Ltd. |
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Canada |
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Latin-American Holdings Corporation |
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Canada |
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Philips Overseas Holdings Corporation |
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Canada |
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Philips Canada Ltd |
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Canada |
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Philips Trans-America Holdings Corporation |
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Canada |
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W.J. Addison Ltd. |
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Canada |
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Lumec Inc. |
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Canada |
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Saeco Ontario Ltee. |
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Canada |
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Saeco B.C. Ltd. |
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Canada |
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Saeco West Ltd. |
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Canada |
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Les Distribution Saeco Canada Ltée |
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Canada |
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Philips Chilena S.A. |
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Chile |
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Philips Automotive Lighting Hubei Co., Ltd. |
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China |
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Philips Domestic Appliances and Personal Care Co., of Suzhou Ltd. |
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China |
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Philips Electronic Components (Shanghai) Co., Ltd. |
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China |
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Philips Domestic Appliances and Personal Care Company of Zhuhai SEZ,
Ltd. |
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China |
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Philips Lighting Industry (China) Co., Ltd. |
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China |
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Philips Lighting Electronics (Shanghai) Co., Ltd. |
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China |
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Philips Lighting Electronics (Xiamen) Co. Ltd. |
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China |
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Philips Lighting Luminaires (Shanghai) Co., Ltd. |
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China |
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Philips and Neusoft Medical Systems Co., Ltd. |
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China |
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Philips (China) Investment Company, Ltd. |
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China |
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Philips Electronics Technology (Shanghai) Co., Ltd. |
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China |
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Philips Electronics Trading & Services (Shanghai) Co. Ltd |
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China |
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Philips & Yaming Lighting Co., Ltd. |
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China |
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Philips Electronics (Shenzhen) Co., Ltd. |
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China |
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Philips Consumer Lighting (Ningbo) Co., Ltd. |
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China |
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Philips Consumer Luminaires (Shenzhen) Co., Ltd. |
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China |
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Assembleon Technology (Suzhou) Co., Ltd. |
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China |
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Shenzhen Goldway Industrial Inc. |
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China |
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Respironics Medical Products (Shenzhen) Ltd. |
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China |
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Melmedical Co. Ltd. |
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China |
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Philips Healthcare (Suzhou) Co., Ltd. |
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China |
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Philips Consumer Luminaires Manufacturing (Shenzhen) Co. Ltd. |
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China |
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Shanghai Apex Electronics Technology Co., Ltd. |
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China |
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Carex Lighting Equipment (Dongguan) Co., Ltd. |
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China |
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Lighting de Colombia S.A. |
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Colombia |
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Philips Colombiana de Comercialización S.A. |
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Colombia |
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Saeco Centroamerica SA |
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Costa Rica |
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MASSIVE d.o.o. |
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Croatia |
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Philips Ceská republika s.r.o. |
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Czech Republic |
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Philips Danmark A/S |
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Denmark |
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Company |
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Country of Incorporation |
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Spiropharma A/S |
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Denmark |
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Luceplan A/S |
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Denmark |
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Philips Dominicana S.A. |
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Dominican
Republic |
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Philips Egypt (Limited Liability Company) |
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Egypt |
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Philips Lighting Central America, Sociedad Anónima de Capital Variable
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El Salvador |
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Philips Consumer Luminaires Estonia OU |
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Estonia |
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Philips Oy |
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Finland |
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Medith Oy |
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Finland |
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Philips France |
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France |
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S.C.I. Opéra-Sčvres |
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France |
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Compagnie Française Philips |
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France |
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Société Service de Propriété Industrielle et de Documentation |
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France |
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Modular Lighting Paris |
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France |
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Kaerys S.A.S. |
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France |
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Emergences Medicales et Technologies |
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France |
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Saeco France |
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France |
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Luceplan s.a.r.l. |
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France |
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Assembléon Deutschland GmbH |
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Germany |
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Philips Extreme UV GmbH |
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Germany |
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Philips Medizin Systeme Hofheim-Wallau GmbH |
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Germany |
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Philips Medizin Systeme Böblingen GmbH |
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Germany |
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Philips Deutschland GmbH |
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Germany |
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Philips Technologie GmbH |
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Germany |
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Philips Intellectual Property & Standards GmbH |
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Germany |
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Silicon Manufacturing Itzehoe SMI GmbH |
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Germany |
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Philips Medical Systems DMC GmbH |
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Germany |
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PLDS Germany GmbH |
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Germany |
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Philips GmbH |
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Germany |
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Philips Lübeckertordamm 5 Dritte Verwaltungs-GmbH |
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Germany |
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Philips SC Unterstützungskasse GmbH |
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Germany |
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JJI Lighting Group GmbH Europe |
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Germany |
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Respironics Deutschland GmbH & Co. KG |
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Germany |
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Respironics Deutschland Verwaltungsgesellschaft mbH |
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Germany |
|
Philips Lübeckertordamm 5 Fünfte Verwaltungs-GmbH |
|
Germany |
|
Philips Lübeckertordamm 5 Vierte Verwaltungs-GmbH |
|
Germany |
|
Philips Technologie Lübeckertordamm 5 Erste Verwaltungs-GmbH |
|
Germany |
|
Gaggia GmbH |
|
Germany |
|
Samou GmbH |
|
Germany |
|
E & D GmbH |
|
Germany |
|
Luceplan GmbH |
|
Germany |
|
Philips Hellas S.A. Commercial and Industrial Co. for Electrotechnical
Products, Lighting and Medical Systems |
|
Greece |
|
Assembleon Hong Kong Limited |
|
Hong Kong |
|
Philips Electronics Hong Kong Limited |
|
Hong Kong |
|
Framas Lightings Limited |
|
Hong Kong |
|
Massive Asia Pacific Ltd. |
|
Hong Kong |
|
SuperLight Trading Limited |
|
Hong Kong |
|
Strand Lighting Asia Limited |
|
Hong Kong |
|
Respironics (HK) Ltd. |
|
Hong Kong |
|
Respironics Technotrend Limited |
|
Hong Kong |
|
Wegot Investment Limited |
|
Hong Kong |
|
Philips Hengdian Lighting (HK) Holding Limited |
|
Hong Kong |
|
Melhk Ltd |
|
Hong Kong |
|
Saeco Hong Kong Ltd. |
|
Hong Kong |
|
|
|
|
|
Company |
|
Country of
Incorporation |
|
NCW (Holdings) Limited |
|
Hong Kong |
|
PHILIPS INDUSTRIES Hungary Electronical Mechanical Manufacturing and
Trading Limited Liability Company |
|
Hungary |
|
Philips Magyarország Kereskedelmi Kft. |
|
Hungary |
|
Philips IPSC Tamasi Kft. |
|
Hungary |
|
Philips Electronics India Limited |
|
India |
|
P.T. Philips Industries Batam |
|
Indonesia |
|
PT. Pesona Gemilang Raya |
|
Indonesia |
|
PT. Philips Indonesia |
|
Indonesia |
|
Philips Accounting Services Limited |
|
Ireland |
|
The Irish Development Co. Ltd. |
|
Ireland |
|
Philips Electronics Ireland Limited |
|
Ireland |
|
Philips Radio Communication Systems Ireland Limited |
|
Ireland |
|
Silicon B203 Limited |
|
Ireland |
|
Larestine Ireland Ltd. |
|
Ireland |
|
Tineney Ireland Ltd. |
|
Ireland |
|
Massive Ireland Limited |
|
Ireland |
|
Respironics (Ireland) Limited |
|
Ireland |
|
Western Biomedical Technologies Limited |
|
Ireland |
|
Saeco IPR Limited |
|
Ireland |
|
Saeco Strategic Services Limited |
|
Ireland |
|
Philips Electronics (Israel) Ltd |
|
Israel |
|
Philips Medical Systems Technologies Ltd. |
|
Israel |
|
Assembléon Italia S.r.l. |
|
Italy |
|
Philips Societa per Azioni |
|
Italy |
|
Saeco International Group S.p.A. |
|
Italy |
|
Ilti Luce S.r.l. |
|
Italy |
|
Elfe S.p.A. |
|
Italy |
|
Gaggia S.p.A. |
|
Italy |
|
Pegaso S.r.l. |
|
Italy |
|
Saeco Vending S.p.A. |
|
Italy |
|
Tecna S.r.l. |
|
Italy |
|
Luceplan S.p.A |
|
Italy |
|
Philips Electronics Japan, Ltd. |
|
Japan |
|
Philips Respironics GK |
|
Japan |
|
NIHON SAECO K.K. |
|
Japan |
|
Philips Electronics Korea Ltd. |
|
Korea, Republic
of |
|
Philips & LiteOn Digital Solutions Korea Ltd. |
|
Korea, Republic
of |
|
Philips Baltic SIA |
|
Latvia |
|
Philips Lighting Maseru Pty. Ltd. |
|
Lesotho |
|
Philips Luxembourg |
|
Luxembourg |
|
Philips International Finance S.A. |
|
Luxembourg |
|
Philips Electronics Malaysia Sdn. Bhd. |
|
Malaysia |
|
Philips LumiLeds Lighting Company Sdn. Bhd. |
|
Malaysia |
|
Philips Lighting Malaysia Sdn. Bhd. |
|
Malaysia |
|
Philips Malaysia Sdn. Berhad |
|
Malaysia |
|
Philips Electronic Supplies (Malaysia) Sdn. Bhd. |
|
Malaysia |
|
Advance Transformer Co., S.A. de C.V. |
|
Mexico |
|
Assembléon Mexicana, S.A. de C.V. |
|
Mexico |
|
Componentes Eléctricos de Lámparas, S.A. de C.V. |
|
Mexico |
|
Productos de Consumo Electrónico Philips, S.A. de C.V. |
|
Mexico |
|
Philips Holding México, S.A. de C.V. |
|
Mexico |
|
Philips Lighting Electronics México, S.A. de C.V. |
|
Mexico |
|
|
|
|
|
Company |
|
Country of
Incorporation |
|
Lumisistemas de México, S.A. de C.V. |
|
Mexico |
|
Philips Mexicana, S.A. de C.V. |
|
Mexico |
|
Iluminacion Tecnica I.L.T.E.C. S.A. de C.V. |
|
Mexico |
|
Lightolier de Mexico, S.A. de C.V. |
|
Mexico |
|
Thomas Lighting de Mexico, S.A. de C.V. |
|
Mexico |
|
Phiholdingmex, S.A. de C.V. |
|
Mexico |
|
Philips Electronique Maroc |
|
Morocco |
|
Adac Laboratories Europe B.V. |
|
Netherlands |
|
Alkrode B.V. |
|
Netherlands |
|
Assembléon B.V. |
|
Netherlands |
|
Assembléon Netherlands B.V. |
|
Netherlands |
|
Consort Investments B.V. |
|
Netherlands |
|
Dordtse Metaalindustrie “Johan de Witt” B.V. |
|
Netherlands |
|
Philips Digital Video Systems (Breda) B.V. |
|
Netherlands |
|
Electrologica B.V. |
|
Netherlands |
|
Exenkaf Holding B.V. |
|
Netherlands |
|
Philips Export B.V. |
|
Netherlands |
|
Global Re N.V. |
|
Netherlands |
|
Hilvarenbeek Training Services B.V. |
|
Netherlands |
|
Industriële Ontwikkelings-Maatschappij B.V. |
|
Netherlands |
|
Philips LumiLeds Holding B.V. |
|
Netherlands |
|
Philips Lumileds Lighting Company (Holding) B.V. |
|
Netherlands |
|
Philips Lumileds Lighting Company B.V. |
|
Netherlands |
|
Marconi Medical Systems Netherlands B.V. |
|
Netherlands |
|
Matevu Import Export B.V. |
|
Netherlands |
|
NavPart II B.V. |
|
Netherlands |
|
Maatschappij voor Onroerend Goed “De Nieuwe Erven” B.V. |
|
Netherlands |
|
Noble Europe B.V. |
|
Netherlands |
|
Philips Electronics Nederland B.V. |
|
Netherlands |
|
Philips Participations B.V. |
|
Netherlands |
|
Philips Components B.V. |
|
Netherlands |
|
Philips Consumer Communications B.V. |
|
Netherlands |
|
Philips Consumer Relations B.V. |
|
Netherlands |
|
Philips Consumer Lifestyle B.V. |
|
Netherlands |
|
Philips Consumer Electronics Export B.V. |
|
Netherlands |
|
Philips Consumer Lifestyle International B.V. |
|
Netherlands |
|
Philips Electronics China B.V. |
|
Netherlands |
|
Philips High Tech Plastics B.V. |
|
Netherlands |
|
Philips International B.V. |
|
Netherlands |
|
Philips Lighting B.V. |
|
Netherlands |
|
Philips Lighting Holding B.V. |
|
Netherlands |
|
Philips Electronics Middle East & Africa B.V. |
|
Netherlands |
|
Philips Medical Systems International B.V. |
|
Netherlands |
|
Philips Medical Systems Nederland B.V. |
|
Netherlands |
|
Philips Nederland B.V. |
|
Netherlands |
|
Philips Warehouse & Services B.V. |
|
Netherlands |
|
Philips’ Radio B.V. |
|
Netherlands |
|
Philips Electronics Representative Offices B.V. |
|
Netherlands |
|
Philips Real Estate Investment Management B.V. |
|
Netherlands |
|
Super Club International B.V. |
|
Netherlands |
|
Super Club Nederland B.V. |
|
Netherlands |
|
Superclub Retail Nederland B.V. |
|
Netherlands |
|
|
|
|
|
Company |
|
Country of
Incorporation |
|
Siera Electronics B.V. |
|
Netherlands |
|
Tijm Holding B.V. |
|
Netherlands |
|
Van der Heem B.V. |
|
Netherlands |
|
Philips Venture Capital Fund B.V. |
|
Netherlands |
|
De Vitrite Fabriek (The Vitrite Works) B.V. |
|
Netherlands |
|
Metaaldraadlampenfabriek “Volt” B.V. |
|
Netherlands |
|
B.V. Woningbouw Exenkaf |
|
Netherlands |
|
B.V. Expeditiekantoor v/h A. Wouters & Co |
|
Netherlands |
|
Philips Patient Monitoring Systems China Holding B.V. |
|
Netherlands |
|
Avelingen Licht Holding B.V. |
|
Netherlands |
|
Assembléon China B.V. |
|
Netherlands |
|
Modular Lighting Nederland B.V. |
|
Netherlands |
|
Philips DAP Suzhou Holding B.V. |
|
Netherlands |
|
Philips DAP Zhuhai Holding B.V. |
|
Netherlands |
|
Philips Lighting Electronics Shanghai Holding B.V. |
|
Netherlands |
|
Philips Imaging Systems China Holding B.V. |
|
Netherlands |
|
Philips Electronics Technology Shanghai Holding B.V. |
|
Netherlands |
|
Respironics Netherlands B.V. |
|
Netherlands |
|
HTCE Site Management B.V. |
|
Netherlands |
|
Argus Imaging B.V. |
|
Netherlands |
|
Fianara International B.V. |
|
Netherlands |
|
Respironics Holding France B.V. |
|
Netherlands |
|
Respironics Holding UK B.V. |
|
Netherlands |
|
Respironics Holding Japan B.V. |
|
Netherlands |
|
Respironics Holding Switzerland B.V. |
|
Netherlands |
|
Genlyte Holding C B.V. |
|
Netherlands |
|
Genlyte Holding Canada B.V. |
|
Netherlands |
|
Lifeline Systems Holding B.V. |
|
Netherlands |
|
LR Fibertech Industries B.V. |
|
Netherlands |
|
Discus Dental Europe B.V. |
|
Netherlands |
|
Philips New Zealand Limited |
|
New Zealand |
|
Saeco Australia & NZ Ltd. |
|
New Zealand |
|
Philips Norge AS |
|
Norway |
|
Normed AS |
|
Norway |
|
Philips Electrical Industries of Pakistan Limited |
|
Pakistan |
|
Philips Caribbean Panamá, Inc. |
|
Panama |
|
GT Mexican Holding Corp. |
|
Panama |
|
Philips SEM S.A. |
|
Panama |
|
Philips del Paraguay S.A. |
|
Paraguay |
|
Philips Peruana S.A. |
|
Peru |
|
Assembléon Philippines, Inc. |
|
Philippines |
|
Philips Electronics and Lighting, Inc. |
|
Philippines |
|
Philips Industrial Development, Inc. |
|
Philippines |
|
RCM Manufacturing |
|
Philippines |
|
Philips Lighting Bielsko Sp.z.o.o. |
|
Poland |
|
Philips Lighting Poland S.A. |
|
Poland |
|
Philips Polska Sp.z.o.o. |
|
Poland |
|
Manufacturers Services Poland Sp.z.o.o. |
|
Poland |
|
Saeco Polska Sp.z.o.o. |
|
Poland |
|
Philips Portuguesa, S.A. |
|
Portugal |
|
RCS — Sistemas de Controlo Remoto, S.A. |
|
Portugal |
|
Saecopor — Importacao e Comércio de Aparelhos Eléctricos, Lda |
|
Portugal |
|
|
|
|
|
Company |
|
Country of
Incorporation |
|
Philips Medical Systems Puerto Rico, Inc. |
|
Puerto Rico |
|
Philips Outdoor Lighting Romania S.R.L. |
|
Romania |
|
Philips Romania S.R.L. |
|
Romania |
|
Massive Romania Impex S.R.L. |
|
Romania |
|
Sogeco Romania S.r.l. |
|
Romania |
|
ZAO Idman MOW |
|
Russian
Federation |
|
Philips Medical Systems, L.L.C. |
|
Russian
Federation |
|
Limited Liability Company “Philips” |
|
Russian
Federation |
|
Massive Lighting d.o.o. Beograd |
|
Serbia |
|
Assembleon Singapore Pte Ltd |
|
Singapore |
|
Philips Electronics Asia Pacific Pte Ltd. |
|
Singapore |
|
Philips Electronics Singapore Pte Ltd |
|
Singapore |
|
Philips Singapore Private Limited |
|
Singapore |
|
Cannon Avent (Singapore) Pte Limited |
|
Singapore |
|
Philips Medical Systems s.r.o. |
|
Slovakia |
|
Philips Slovakia s.r.o. |
|
Slovakia |
|
Philips Slovenija trgovina, d.o.o. |
|
Slovenia |
|
Philips Medical Systems (Proprietary) Limited |
|
South Africa |
|
Philips Medical Customer Support (Pty) Limited |
|
South Africa |
|
Philips South Africa (Proprietary) Limited |
|
South Africa |
|
Dynalite South Africa (Pty.) Ltd. |
|
South Africa |
|
ADAC Iberia, S.A. |
|
Spain |
|
Philips Ibérica, S.A. |
|
Spain |
|
Saeco Iberica S.A. |
|
Spain |
|
Philips Aktiebolag |
|
Sweden |
|
Philips Consumer Luminaires Sweden AB |
|
Sweden |
|
Ljusgruppen Aktiebolag |
|
Sweden |
|
Respironics Sweden AB |
|
Sweden |
|
Philips AG |
|
Switzerland |
|
Imel AG |
|
Switzerland |
|
Saeco AG |
|
Switzerland |
|
EBT Technology, Inc. |
|
Taiwan |
|
Philips Taiwan Ltd. |
|
Taiwan |
|
Philips Electronics (Thailand) Ltd. |
|
Thailand |
|
Philips Tunisienne d’Eclairage S.A. |
|
Tunisia |
|
Türk Philips Ticaret Anonim Sirketi |
|
Turkey |
|
Limited Liability Company “Philips Ukraine” |
|
Ukraine |
|
Assembléon UK Limited |
|
United Kingdom |
|
Philips Medical Systems UK Limited |
|
United Kingdom |
|
Philips Components Limited |
|
United Kingdom |
|
ECS Lighting Controls Limited |
|
United Kingdom |
|
Philips Holdings Limited |
|
United Kingdom |
|
Philips Impex Limited |
|
United Kingdom |
|
Philips Lamps and Luminaires Limited |
|
United Kingdom |
|
Philips Lighting Limited |
|
United Kingdom |
|
Mullard Ltd. |
|
United Kingdom |
|
Philips Consumer Communications UK Limited |
|
United Kingdom |
|
Philips Pension Trustees Limited |
|
United Kingdom |
|
Philips Electronics UK Limited |
|
United Kingdom |
|
Philips U.K. Limited |
|
United Kingdom |
|
Philips Design Limited |
|
United Kingdom |
|
Pyecam Company Limited |
|
United Kingdom |
|
|
|
|
|
Company |
|
Country of
Incorporation |
|
Pye (Electronic Products) Ltd. |
|
United Kingdom |
|
Avent Group Limited |
|
United Kingdom |
|
Avent Limited |
|
United Kingdom |
|
Avent Finance Limited |
|
United Kingdom |
|
Avent Holdings Limited |
|
United Kingdom |
|
Cannon Babysafe Limited |
|
United Kingdom |
|
Invivo UK Ltd. |
|
United Kingdom |
|
Massive Holding UK Limited |
|
United Kingdom |
|
Philips Consumer Luminaires UK Limited |
|
United Kingdom |
|
Translite Limited |
|
United Kingdom |
|
Strand Lighting Europe Limited |
|
United Kingdom |
|
Respironics UK Holding Company Limited |
|
United Kingdom |
|
Respironics Ltd. |
|
United Kingdom |
|
Profile Pharma Limited |
|
United Kingdom |
|
Respironics Respiratory Drug Delivery (UK) Ltd. |
|
United Kingdom |
|
Respironics (UK) Limited |
|
United Kingdom |
|
Philips Healthcare Informatics Limited |
|
United Kingdom |
|
Dynalite Europe Limited |
|
United Kingdom |
|
Philips Trustee Company Limited |
|
United Kingdom |
|
210 East Tarrant Street Realty Co. |
|
United States |
|
Philips Medical Systems (Cleveland), Inc. |
|
United States |
|
The Addison Company Inc. |
|
United States |
|
Philips Advanced Metrology Systems, Inc. |
|
United States |
|
Assembléon America, Inc. |
|
United States |
|
ATL Ultrasound, Inc. |
|
United States |
|
ATL International LLC |
|
United States |
|
Philips Ultrasound, Inc. |
|
United States |
|
Advanced Technology Laboratories, Inc. (Delaware) |
|
United States |
|
Chicago Magnet Wire Corp. |
|
United States |
|
American Color & Chemical, L.L.C. |
|
United States |
|
Philips Holding USA Inc. |
|
United States |
|
Lighting.Com., Inc. |
|
United States |
|
Philips Lighting Electronics Company |
|
United States |
|
Philips LumiLeds Lighting Company LLC |
|
United States |
|
Philips Medical Financial Services, Inc. |
|
United States |
|
Mepco/Centralab, Inc. |
|
United States |
|
Philips MPEG Inc. |
|
United States |
|
Philips Oral Healthcare, Inc. |
|
United States |
|
Philips Electronics North America Corporation |
|
United States |
|
Philips Medical Systems Export, Inc. |
|
United States |
|
Project Realty LLC |
|
United States |
|
Philips Electronics Realty Corporation |
|
United States |
|
Remediation Services, Inc. |
|
United States |
|
Scientific Medical Systems International, Inc. |
|
United States |
|
Philips CSI Inc. |
|
United States |
|
Philips Semiconductor Manufacturing Inc. |
|
United States |
|
Philips Semiconductors Inc. |
|
United States |
|
Philips S Ventures LP Incorporated |
|
United States |
|
U.S. Philips Corporation |
|
United States |
|
Compass Design Automation, Inc. |
|
United States |
|
Philips Ventures II Incorporated |
|
United States |
|
Philips Ventures Incorporated |
|
United States |
|
|
|
|
|
Company |
|
Country of
Incorporation |
|
Advanced Micro Devices, Inc. |
|
United States |
|
Mobility Electronics, Inc. |
|
United States |
|
Zymed Puerto Rico, Inc. |
|
United States |
|
Philips Healthcare Informatics, Inc. |
|
United States |
|
Picker International del Caribe, Inc. |
|
United States |
|
Lifeline Systems, Inc. |
|
United States |
|
370 West Trimble Road Corporation |
|
United States |
|
Philips UQE Holding Company, Inc. |
|
United States |
|
Side-Lite, LLC |
|
United States |
|
Philips Medical Systems MR, Inc. |
|
United States |
|
Invivo Corporation |
|
United States |
|
SuperPower Inc. |
|
United States |
|
Witt Biomedical Corporation |
|
United States |
|
MRI Devices Corporation |
|
United States |
|
IGC-Superpower, LLC |
|
United States |
|
Lifeline Systems Company |
|
United States |
|
Philips & Lite-on Digital Solutions USA, Inc. |
|
United States |
|
Philips Solid-State Lighting Solutions, Inc. |
|
United States |
|
Raytel USA, Inc. |
|
United States |
|
Cardiac Evaluation Services, Inc. |
|
United States |
|
Raytel Cardiac Services, Inc. |
|
United States |
|
Raytel Imaging Network, Inc. |
|
United States |
|
The Genlyte Group Incorporated |
|
United States |
|
Hanover Lantern Inc. |
|
United States |
|
New Oxford Aluminum LLC |
|
United States |
|
Shakespeare Composite Structures LLC |
|
United States |
|
Sportlite, Inc. |
|
United States |
|
Strand Lighting Inc. |
|
United States |
|
Genlyte Thomas Group LLC |
|
United States |
|
Translite Sonoma, LLC |
|
United States |
|
Yort Inc. |
|
United States |
|
VISICU, Inc. |
|
United States |
|
Respironics, Inc. |
|
United States |
|
Respironics Bermuda Ltd. |
|
United States |
|
Respironics California, Inc. |
|
United States |
|
Respironics Charitable Foundation |
|
United States |
|
Children’s Medical Ventures, LLC |
|
United States |
|
Respironics Colorado, Inc. |
|
United States |
|
Respironics International, Inc. |
|
United States |
|
Respironics International Global Enterprises, Inc. |
|
United States |
|
Mini-Mitter Company, Inc. |
|
United States |
|
Respironics New Jersey, Inc. |
|
United States |
|
Respironics Novametrix, LLC |
|
United States |
|
Pro-Tech Services Inc. |
|
United States |
|
RI Assurance, Inc. |
|
United States |
|
RIC Investments, LLC |
|
United States |
|
RI Finance, Inc. |
|
United States |
|
RI Trading, LLC |
|
United States |
|
Respironics Sleep & Respiratory Research Foundation |
|
United States |
|
RI Licensing, Inc. |
|
United States |
|
Dixtal Medical, Inc. |
|
United States |
|
Teletrol Systems, Inc. |
|
United States |
|
|
|
|
|
Company |
|
Country of
Incorporation |
|
Saeco USA Inc. |
|
United States |
|
Philips Consumer Luminaires Corporation |
|
United States |
|
Luceplan USA, Inc |
|
United States |
|
Discus Holdings, Inc. |
|
United States |
|
Discus Dental, LLC |
|
United States |
|
ZAP Lasers, LLC |
|
United States |
|
Spectrum Dental, LLC |
|
United States |
|
Discus Dental Exports, Inc. |
|
United States |
|
Discus International, LLC |
|
United States |
|
Discus Dental Canada, LLC |
|
United States |
|
Philips Electronics Systems S.A. |
|
Uruguay |
|
Philips Uruguay S.A. |
|
Uruguay |
|
Industrias Venezolanas Philips, S.A. |
|
Venezuela |
|
Philips Electronics Vietnam Limited |
|
Viet Nam |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.37 |
|
|
1 |
Rs.72.34 |
|
Euro |
1 |
Rs.63.87 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.